BNBChain Binance crypto cryptocurrency BNB Chain hacked for $80 million as a result of a bridge exploit
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Shortly after rumors of the hack started making the rounds on social media, operations on the blockchain were halted as developers for the chain worked to rectify the situation. According to an official post on Reddit, Binance “coordinated with validators to temporarily suspend BNB Smart Chain after having determined an exploit on a cross-chain bridge, BSC Token Hub – which resulted in extra BNB.”
Hours later, after a more in-depth investigation was able to be performed, the network announced that the current estimate of solen funds is between $70 and $80 million, with $7 million in funds already successfully frozen.
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